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How To Get Rid Of Debt?
Manage episode 320125512 series 3313998
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Debt is one thing that everyone dreams to be free from. Getting rid of debt is not an easy task. Each person has to take certain measures so that he can be free from his debts. Getting rid of debt is like climbing up a hill, when climbing a hill how one will take steps to reach the hill in the same way debt can also be easily paid off if one can take certain measures. If one has to be debt-free, he/she has to follow certain measures.
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Sorting of Debts
One of the most important measures to consider while getting rid of debts is to sort all your debts either according to a) time b) rate of interest and c) loan amount (low to high).
Reduce Expenses
You can clear your debts if you can cut down your unnecessary expenses. If you take the last 3-6 months' credit card bills and start sorting your expenses and find out which are unnecessary and can be avoided.
Earn extra income
Nowadays technology has widely spread and you can easily earn money driving Uber, delivering food, or doing freelancing.
Sell Unwanted things
You can sell off certain things which are not in use. Sometimes we buy lots of stuff and don't use it, identify such items in our home and office and start selling them on OLX. Use this money to pay off your debts.
Click here to get more information:- https://visual.ly/community/Infographics/other/rupay-select-credit-cards-vs-rupay-platinum
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